Rare 20-acre opportunity with ag exemption in Ovilla, a rapidly growing community only 25 miles south of Dallas. Tucked among mature shade trees, this exceptional property offers the perfect balance of privacy, functionality, and future opportunity. Whether you're looking for a private country estate, equestrian property, multi-generational living or land with development potential, this unique property offers possibilities that are hard to find. The 3,374 square foot two-sto…
| Room | Level | Size |
|---|---|---|
| Bonus Room | Main | 19 x 18 |
| Bedroom | Main | 10 x 12 |
| Full Bath | Main | 8 x 6 |
| Utility Room | Main | 8 x 12 |
| Dining Room | Main | 11 x 11 |
| Breakfast Room Nook | Main | 7 x 11 |
| Kitchen | Main | 15 x 11 |
| Family Room | Main | 17 x 14 |
| Living Room | Main | 30 x 17 |
| Type | Single Family Residence |
| County | Ellis |
| Lot | 20.000 ac (871,200 sqft) |
| Annual Tax | $14,148 |
| Days on Market | 1 |
| District | Red Oak ISD |
| Elementary | Shields |
| Middle | Dr. Joy Shaw |
| High School | Red Oak |
| P&I (6.875%) | $6,701 |
| Est. Tax | $1,179 |
| Est. Total | $7,880/mo |
$1,275,000
RED OAK, TX 75154 · E W Banton
Rare 20-acre opportunity with ag exemption in Ovilla, a rapidly growing community only 25 miles south of Dallas. Tucked among mature shade trees, this exceptional property offers the perfect balance of privacy, functionality, and future opportunity. Whether you're looking for a private country estate, equestrian property, multi-generational living or land with development potential, this unique property offers possibilities that are hard to find. The 3,374 square foot two-story home offers 4 bedrooms, 3 bathrooms, and spaces designed for both everyday living and entertaining. The spacious kitchen, featuring granite countertops, stainless appliances, abundant cabinetry, and a center island, is ideally located between the formal dining room and the breakfast room. Off the breakfast area is a private patio to enjoy your morning coffee. The first floor offers two separate living areas, each with wood-burning fireplaces. The renovated downstairs bathroom adds modern appeal, while the garage conversion offers versatility as a game room, media room, first-floor bedroom, or can easily be converted back to a garage. Step outside to enjoy multiple covered porches and patios, a large covered deck with an outdoor kitchen, and a gunite pool, creating the perfect setting for entertaining. A detached 960 square foot guest house with a kitchen and bathroom provides comfortable space for guests, extended family, or a private home office. Equestrian enthusiasts will appreciate the six-stall barn with hay loft, tack room, wash rack, office or workshop space, round pen, loafing sheds, and fenced, cross-fenced pastures. Approximately 16 acres currently have an ag exemption. Surrounded by expanding residential development while still offering the privacy and tranquility of country living, this unique property presents an outstanding opportunity to enjoy today while benefiting from tomorrow's possibilities. Rare combination of location, acreage and improvements in one remarkable property.
Property Type
Residential
Sub Type
Single Family Residence
Status
Active
Bedrooms
4
Full Baths
3
Living Area
3,374 sqft
Lot Size
871,200 sqft
Lot (acres)
20.000
Stories
2
Year Built
1983
Community
E W Banton| Room | Level | Size |
|---|---|---|
| Bonus RoomCeiling Fans | Main | 19 x 18 |
| BedroomSplit Bedrooms, Walk In Closets | Main | 10 x 12 |
| Full BathBuilt In Features, Linen Closet | Main | 8 x 6 |
| Utility RoomBuilt In Features, Closet, Utility Room | Main | 8 x 12 |
| Dining Room | Main | 11 x 11 |
| Breakfast Room Nook | Main | 7 x 11 |
| KitchenBuilt In Features, Granite Counters, Kitchen Island | Main | 15 x 11 |
| Family RoomBuilt In Features, Ceiling Fans, Fireplace | Main | 17 x 14 |
| Living RoomCeiling Fans, Fireplace | Main | 30 x 17 |
| Full BathBuilt In Features, Jack And Jill Bath, Linen Closet | Upper | 10 x 7 |
| BedroomCeiling Fans, Split Bedrooms, Walk In Closets | Upper | 15 x 10 |
| BedroomCeiling Fans, Split Bedrooms | Upper | 14 x 11 |
| Primary BathroomBuilt In Features, Dual Sinks, Double Vanity, En Suite Bathroom, Garden Tub Roman Tub, Linen Closet, Separate Shower | Upper | 13 x 12 |
| Primary BedroomCeiling Fans, En Suite Bathroom, Sitting Area In Primary, Walk In Closets | Upper | 15 x 17 |
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Annual Tax
$14,148
Total Principal
$1,020,000
Total Interest
$1,392,243
Total Loan Payment
$2,412,243
Payoff Date
July 2056
Est. Payment
$8,411
/month
Estimated only. Does not guarantee loan approval. Contact a licensed lender for accurate rates and terms. Rates change daily.
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https://realtorkonda.com/property/red-oak-tx/e-w-banton/617-malloy-lane-75154
Contact: (469) 854-1352 · realtorkonda@gmail.com
Listed by Becky Hearne · Ebby Halliday, REALTORS · 817-654-3737
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. © 2026 NTREIS. All rights reserved. Last updated Jul 27, 2026.
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Listing Agent
Becky Hearne
Ebby Halliday, REALTORS
RED OAK, TX 75154
243
For sale
$439,990
Median list price
$194
Median $/sqft
105
Avg days on market
998
Recently sold